Examples of Fixed Termination Date in a sentence
All Letters of Credit shall expire not later than one year after the Fixed Termination Date, provided, that the Company shall be obligated to cause Letter of Credit Defeasance Conditions to apply to any Letter of Credit that has not expired or been terminated (x) within three days prior to the Fixed Termination Date, or (y) by any other date that the Company shall terminate all Commitments hereunder.
In connection with each Extension, the Company will provide notification to the Agent (for distribution to the Banks), no later than thirty (30) days prior to the Fixed Termination Date of the requested new termination date for the extended Commitments (each an “Extended Termination Date”) and the due date for Bank responses.
The Termination Notice shall designate the Termination Date, which date shall in no event be later than the Fixed Termination Date, and upon such designated Termination Date, Tenant shall vacate and surrender the Demised Premises in accordance with the terms hereof and all of the parties rights and obligations hereunder shall terminate, except for those rights and obligations which expressly survive termination hereof.
Subject to the terms and conditions set forth herein, Tenant shall have the right to surrender the Demised Premises to Landlord prior to the Fixed Termination Date by providing Landlord with notice (“Termination Notice”) thereof not less than five (5) Business Days (as hereinafter defined) prior to the date that Tenant actually surrenders the Demised Premises to Landlord.
In no event may this Option be exercised on or after the Fixed Termination Date.
The Company plans to conduct a capital raise in the amount of $15,000,000 (the “New Financing”) prior to the Fixed Termination Date.
All Letters of Credit shall expire not later than one year after the Fixed Termination Date, provided, that the Company shall be obligated to cause Letter of Credit Defeasance Conditions to apply to any Letter of Credit that has not expired or been terminated(x) within three days prior to the Fixed Termination Date, or (y) by any other date that the Company shall terminate all Commitments hereunder.
This Employment and Transition Agreement with Fixed Termination Date (hereinafter “Agreement”) is made by and between XXXX X.
In no event may the Option be exercised on or after the Fixed Termination Date.
Furthermore, in the event that the Company does not close the New Financing on or prior to the Fixed Termination Date or does not successfully list its Common Stock for trading on the NASDAQ, the Default Indebtedness shall remain payable and Lender’s rights under the Notes, Purchase Agreements and related Transaction Documents shall remain in full force and effect and Section 6M of the Designation shall be reinstated.